Regions
JDC Completes Crenshaw Apartments in L.A.’s West Adams District
Crenshaw Apartments, a new, two-story, 10-unit ground-up apartment project in the historic West Adams neighborhood of Los Angeles, has been completed.
Economy Watch: Demand Growth for Oil Slows Worldwide
In its Oil Market Report for September, the International Energy Agency has lowered its forecast for global oil demand for the third month running.
Fannie Mae Releases Major Study on Multifamily Energy Use
Fannie Mae released a major new report on energy usage in the multifamily sector called “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily.”
Phoenix Seniors Housing Company & Multifamily Owner-Operator Join Forces
IPA, a luxury multifamily communities operator in Michigan and Arizona, and Retirement Community Specialists Inc. (RCS), a luxury seniors housing communities operator in Arizona, announced they have joined together under the same umbrella company, IPA LLC.
Phase One of Bosa’s Insignia in Seattle is 50 percent Sold
Bosa Development’s much-anticipated Insignia condominium development in Seattle is more than 50 percent sold after topping out the project’s first tower (Phase One).
TODAY’S DEALS: Development Site Trades Hands in Boca, 378 Units in the Works
ARA brokers a $22.3 million land sale in Boca Raton; Capital One Bank closes a $70M Fannie Mae loan; and Marcus & Millichap arranges the sale of an REO asset in Tampa.
Prologis Adds 2.5 Million Square Feet in Eastern Europe; Joint Venture with Norges Bank Also Adds Assets
Global industrial real estate company Prologis recently considerably expanded its portfolio with a number of acquisitions carried out through its Prologis European Properties Fund II, adding roughly 2.5 million square feet of space in the Czech Republic, Poland and Slovakia.
Corvias Foundation Awards $100,000 in Educational Grants to Military Spouses
Corvias Foundation, a private, charitable foundation and the charitable arm of Corvias Group, has been committed to supporting military families in the pursuit of higher education since 2006.
W.P. Carey Affiliate Completes Sale-Leaseback Deal with Nokia in Poland
In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office/R&D facility in Poland on behalf of one of its managed non-traded REIT affiliates, CPA®:17 – Global (Corporate Property Associates 17 – Global).
New Phase at Newtown Square Townhome Community Up For Sale
D.R. Horton’s latest development, The Grande at Muirwood Hill, sold so well in its initial offering that the firm has released a new phase of home sites in Newton Square, Pa.